Short BGR Energy in Rs 385-390 range: Vishal Kshatriya

Short BGR Energy in Rs 385-390 range, says Vishal Kshatriya, Sr Derivative and Technical Analyst, Edelweiss.

Kshatriya told CNBC-TV18, "BGR Energy has been in continuous downtrend, which has depicted by formation of lower tops and lower bottoms on its daily chart and hence I recommend going short on BGR Energy in a range of Rs 385-390 with a target of Rs 365 and stoploss of Rs 405."